Apple WWDC

Markets pulled back Friday due to a strong jobs report and tech volatility. The Nasdaq and S&P 500 declined, ending winning streaks. A robust labor market fueled fears of Fed rate hikes. Jim Cramer called it a “cooling off period,” suggesting opportunities in semiconductors, despite some chipmakers like Intel and Broadcom facing pressure. Defensive sectors like healthcare saw gains. CrowdStrike’s stock fell, but Cramer sees potential in its AI cybersecurity initiatives. Upcoming events include Apple’s WWDC, Honeywell’s spin-off update, and SpaceX’s IPO.